To better incorporate or revolutionise the way companies are registered in India, SPICe+ form will offer ten services by three Central Government Ministries and Departments.
Freelancers who provide services need to register for GST if their annual turnover exceeds the threshold of 20 lakh.
From a taxation perspective, freelancers fall under small businesses. And paying taxes is considered a civic duty.
The government of India has introduced various tax incentives for startups to flourish in India, which includes tax rebate for a 3-year period.